India

Chennai, Dec 21: The Income Tax department today conducted searches at over a dozen locations in connection with its tax evasion probe against the son and few other relatives of Tamil Nadu Chief Secretary P Rama Mohana Rao. The searches that began as early as 6:00 AM are on at various places in the state and neighbouring state of Andhra Pradesh. "A total of 13 premises are being searched," a

New Delhi, Dec 20: Finance Minister Arun Jaitley today said the government's decision to tweak the presumptive income norms would reduce the tax liability by up to 30 per cent for those small traders opting for digital transactions. He said in the Budget for 2016-17, small traders and businessmen, with turnover of up to Rs 2 crore who did not maintain proper accounts, were presumed to have earned

New Delhi, Dec 20: The Reserve Bank was fully prepared to deal with currency shortages post demonetisation and has enough currency in its chests to last "far beyond" December 30, Finance Minister Arun Jaitley said today. "There was full preparedness. There was not a single day when RBI had not released adequate currency to banks. There was a certain level of currency that was to be released and

Chandigarh, Dec 20: Punjab's ruling BJP and Akali Dal combine have scored a landslide win in municipal elections in capital Chandigarh, just ahead of crucial state assembly polls. The allies have won 21 of the 26 seats, while the Congress settled for just four; one seat went to an independent candidate. Claiming the win was a signal that people approve of notes ban, BJP chief Amit Shah said:

New Delhi, Dec 20: After tightening rules for depositing old 500 and 1000-rupee notes, Finance Minister Arun Jaitley said on Monday evening that no questions will be asked if any amount of scrapped currency is deposited in one go but repeated deposits may raise queries. With nearly Rs. 13 lakh crore out of the Rs. 15.4 lakh crore worth of 500 and 1000-rupee old notes already deposited in banks

Mumbai, Dec 19: After a bitter eight-week boardroom battle against Ratan Tata's "illegal coup", ousted Tata Group Chairman Cyrus P Mistry today quit from the boards of six listed companies including Tata Motors and Indian Hotels and vowed to shift his fight to a "larger platform". In a two-page statement and a recorded video message, Mistry, who was unceremoniously removed as Chairman of Tata Sons

Kanpur, Dec 19: Scaling up his attack on Opposition over demonetisation issue, Prime Minister Narendra Modi today alleged Parliament was not allowed to function as opposition parties were trying to defend the dishonest and were running away from a debate on the issue of corruption and black money. Addressing BJP's 'parivartan rally' here, he also said some politicians tried to "provoke" people

New Delhi, Dec 19: NIA today filed a charge sheet in the Pathankot airbase terror attack, naming Pakistan-based Jaish-e-Mohammed chief Masood Azhar and three others of his organisation as accused. In a comprehensive charge sheet filed at Panchkula Special Court about a year after attack, NIA has highlighted the role of terror group Jaish in spreading mayhem in India and referred to the nefarious

Chennai, Dec 19: Jayalalithaa Peravai, a wing of the ruling AIADMK, on Sunday urged VK Sasikala, aide of former chief minister J Jayalalithaa, to take over the mantle of party general secretary, contest in bypoll and become Tamil Nadu's chief minister. A resolution in this regard was adopted at a meeting of the Peravai held at the burial site of Jayalalithaa at the Marina Beach here. Later, it was

New Delhi, Dec 18: In continued post-demonetisation crackdown on black money, stashes of new notes have been seized in several states, including Rs 1.05 crore from a tea seller-turned-financier in Gujarat and nearly Rs 90 lakh in Andhra Pradesh. Rs 12 lakh were seized by police from three alleged drug smugglers in Punjab while Rs 18 lakh in new currency notes were recovered from Sector 57 in Noida